@blue Ocean
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We may study the cases of many other airlines under private hands and think of the way of privatization.Yep. Needs to be privatised. But in a way that will hold the management to account.
Otherwise you just shift the corrupt managers from public sector to the private sector. Look at the activities of many private banks.
I suggest 30% to private equity, 70% to the general public. With no single entity/person allowed to hold more than 10% of shares.
Let the general public hold the management to account via online voting.
Your suggestions are becoming good and positive unlike @bananarepublic.